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Inflation at 40-year high pressures consumers, Fed and Biden

Inflation at 40-year high pressures consumers, Fed and Biden

WASHINGTON (AP) — Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President Joe Biden and the Federal Reserve to
Shaw Communications reports $196M first-quarter profit, up from $163M a year ago

Shaw Communications reports $196M first-quarter profit, up from $163M a year ago

CALGARY — Shaw Communications Inc.
NATO, Russia eye more high-level talks despite tensions

NATO, Russia eye more high-level talks despite tensions

BRUSSELS (AP) — NATO Secretary-General Jens Stoltenberg said Wednesday that the military organization and Russia have agreed to try to set up more meetings to ease tensions between them amid deep concern in the West about whether Moscow might order a
UK's Johnson apologizes for attending party during lockdown

UK's Johnson apologizes for attending party during lockdown

LONDON (AP) — Prime Minister Boris Johnson apologized Wednesday for attending a garden party during Britain’s first coronavirus lockdown, but brushed aside opposition demands that he resign for breaching the rules his own government had imposed on th
Teck says United Steelworkers issue strike notice at its Highland Valley copper mine

Teck says United Steelworkers issue strike notice at its Highland Valley copper mine

VANCOUVER — Teck Resources Ltd. has received strike notice from the union representing workers at the company's Highland Valley Copper operations in British Columbia's southern Interior.
Ian Greenberg, media executive and co-founder of Astral, dies at 79

Ian Greenberg, media executive and co-founder of Astral, dies at 79

TORONTO — Ian Greenberg, the Montreal media mogul who alongside his brothers grew Astral Media into a radio and television powerhouse, has died at 79. Broadcast giant BCE Inc.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,274.81, up 202.49 points.) Crescent Point Energy Corp. (TSX:CPG). Energy. Up 22 cents, or 2.8 per cent, to $8.
S&P/TSX composite has best day of year as crude reaches highest level in two months

S&P/TSX composite has best day of year as crude reaches highest level in two months

TORONTO — Canada's main stock index enjoyed its strongest day of 2022 as the price of oil closed above US$80 a barrel to its highest level in two months. At the same time, U.S.

Medicare limits coverage of $28,000-a-year Alzheimer's drug

WASHINGTON (AP) — Medicare said Tuesday it will limit coverage of a $28,000-a-year Alzheimer's drug whose benefits have been widely questioned, a major development in the nation's tug-of-war over the fair value of new medicines that offer tantalizing
China, Philippines halt Canadian beef imports after discovery of 'atypical' BSE case

China, Philippines halt Canadian beef imports after discovery of 'atypical' BSE case

CALGARY — A cattle industry group says it is hopeful a newly imposed import ban on Canadian beef by China and two other Asian countries will be temporary.